Impact Fund
- Assets
- $2.4m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 12
- Location
- Berkeley, CA
- Founding
- 11/1992
- Data as of
- 06/2021
- EIN
- 94-3161863
Organization Overview
Impact Fund is located in Berkeley, CA. The organization was established in 1992. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2021, Impact Fund employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impact Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Impact Fund generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $2.1m during the year ending 06/2021. While expenses have increased by 0.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Impact Fund has awarded 147 individual grants totaling $2,712,895. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTS CLASS ACTION PUBLIC INTEREST LITIGATION AND AWARDS GRANTS IN THE AREAS OF HUMAN AND CIVIL RIGHTS, ELIMINATION OF DISCRIMINATION, ENVIRONMENTAL JUSTICE AND THE RELIEF OF POVERTY. PROVIDES TECHNICAL SUPPORT, ADVICE/COUNSELING, TRAINING, & REPRESENTATION TO PUBLIC INTEREST LAWYERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS THE IMPACT FUND MAKES RECOVERABLE GRANTS TO LAWYERS, SMALL LAW FIRMS, AND NONPROFIT ORGANIZATIONS INVOLVED IN IMPACT LITIGATION. WE FUND CIVIL RIGHTS, HUMAN RIGHTS, ANTI-POVERTY, AND ENVIRONMENTAL JUSTICE CASES THAT WILL AFFECT A MARGINALIZED GROUP. MOST OF OUR GRANTS ARE FOR CLASS ACTIONS, BUT WE ALSO FUND MULTI-PLAINTIFF AND ENVIRONMENTAL JUSTICE CASES THAT AIM TO SIGNIFICANTLY AFFECT A LARGER SYSTEM OR LEAD TO SIGNIFICANT LAW REFORM. IN THE 2020/21 FISCAL YEAR, THE IMPACT FUND DISBURSED A TOTAL OF $310,000 IN GRANT FUNDING VIA 16 RECOVERABLE GRANTS. THE IMPACT FUND HAS COMMITTED AROUND $8 MILLION TO JUSTICE-RELATED CAUSES SINCE THE ORGANIZATIONS INCEPTION.
ADVOCACY WE ADVOCATE FOR ECONOMIC, ENVIRONMENTAL, RACIAL, AND SOCIAL JUSTICE AS BOTH LEAD AND CO-COUNSEL IN A SMALL NUMBER OF COMPLEX IMPACT LITIGATION CASES. WE ALSO AUTHOR SEVERAL AMICUS BRIEFS IN IMPORTANT CLASS ACTION CASES EACH YEAR AND PARTICIPATE IN NOTICE AND COMMENT RULEMAKING FOR ADMINISTRATIVE RULES AND REGULATIONS ON RELEVANT ISSUES.
EDUCATION AND TRAINING IN SEPTEMBER, WE PRESENTED OUR THREE-DAY CLASS ACTION TRAINING INSTITUTE, TAKING STUDENTS THROUGH ALL THE PHASES OF A MOCK CLASS ACTION. IN FEBRUARY, WE PRESENTED OUR ANNUAL CLASS ACTION CONFERENCE, WHICH ATTRACTED OVER 400 PRACTITIONERS FROM AROUND THE NATION, SHARING CURRENT NEWS, DEVELOPMENTS, AND BEST PRACTICES FOR CLASS ACTION LITIGATION. WE ALSO PRESENTED MULTIPLE TRAININGS, SEMINARS, AND WORKSHOPS ON CLASS ACTION STRATEGY, CURRENT ISSUES, AND PRACTICAL SKILLS FOR CLASS ACTION PRACTITIONERS AND LEGAL SERVICES ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsay Nako Litigation Dir | 40 | $147,354 | |
Jocelyn Larkin Executive Dir. | Officer | 32 | $139,050 |
Edward Basham-Witherington Deputy Dir. | Officer | 40 | $128,700 |
Christian Schreiber Board Co-Chair | OfficerTrustee | 1 | $0 |
Michael Caesar Board Chair | OfficerTrustee | 1 | $0 |
Cecilia Mansilla Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $636,262 |
| All other contributions, gifts, grants, and similar amounts not included above | $525,796 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,162,058 |
| Total Program Service Revenue | $408,444 |
| Investment income | $306,341 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,877,041 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $240,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $70,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $314,206 |
| Compensation of current officers, directors, key employees. | $61,745 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $650,826 |
| Pension plan accruals and contributions | $12,796 |
| Other employee benefits | $142,081 |
| Payroll taxes | $72,061 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,210 |
| Fees for services: Accounting | $25,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,135 |
| Fees for services: Other | $42,664 |
| Advertising and promotion | $31,746 |
| Office expenses | $27,338 |
| Information technology | $20,526 |
| Royalties | $0 |
| Occupancy | $284,918 |
| Travel | $2,084 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,486 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,173 |
| Insurance | $4,561 |
| All other expenses | $0 |
| Total functional expenses | $2,052,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,795 |
| Savings and temporary cash investments | $351,048 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,520 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $122,152 |
| Net Land, buildings, and equipment | $58,189 |
| Investments—publicly traded securities | $1,698,268 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,415,972 |
| Accounts payable and accrued expenses | $177,334 |
| Grants payable | $25,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $202,334 |
| Net assets without donor restrictions | $2,088,480 |
| Net assets with donor restrictions | $125,158 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,415,972 |
Grants Awarded
Over the last fiscal year, Impact Fund has awarded $235,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Fresno, CA PURPOSE: Legal assistance | $30,000 |
Washington, DC PURPOSE: Legal assistance | $30,000 |
Portland, OR PURPOSE: Legal assistance | $25,000 |
Cotati, CA PURPOSE: Legal assistance | $25,000 |
RACHEL LEDERMAN LAW OFFICE PURPOSE: Legal assistance | $25,000 |
Miami, FL PURPOSE: Legal assistance | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Impact Fund has recieved totaling $41,000.
| Awarding Organization | Amount |
|---|---|
Kazan Mcclain Partners Foundation Oakland, CA PURPOSE: GENERAL SUPPORT | $34,500 |
Audet Law Foundation San Francisco, CA PURPOSE: PROVIDE LEGAL SERVICES, GRANTS, SUPPORT FOR PROGRAMS HAVE PUBLIC INTEREST IMPACTS IN THE COMMUNITY. | $6,500 |
Endowment Analysis
| Beg. Balance | $1,000,000 |
| Ending Balance | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oak Grove Institute Foundation Inc Murrieta, CA | $29,102,821 | $23,083,215 |
Taco Bell Foundation Inc Irvine, CA | $32,895,109 | $23,910,509 |
Albina Head Start Inc Portland, OR | $22,611,624 | $19,457,720 |
Orbis Cascade Alliance Portland, OR | $8,013,554 | $17,694,791 |
Albert Einstein Academies San Diego, CA | $21,189,771 | $17,379,077 |
Prospect Sierra School El Cerrito, CA | $31,201,283 | $16,565,547 |
Options Counseling Services Of Oregon Eugene, OR | $12,586,092 | $15,957,358 |
Transitions - Mental Health Association San Luis Obispo, CA | $15,943,493 | $14,891,475 |
International Myeloma Foundation Studio City, CA | $20,383,236 | $17,434,390 |
Open Networking Foundation Palo Alto, CA | $9,261,912 | $16,468,416 |
Sonoma Valley Community Health Center Sonoma, CA | $15,645,180 | $13,937,473 |
After-School All-Stars Los Angeles, CA | $10,011,535 | $13,148,528 |